Cost of living comparison
Iceland is 3.1% cheaper than Reykjavik.
If you lived in Iceland instead of Reykjavik, you would:
pay 6.8% less for restaurants
Reykjavik
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$21.59
ISK2,985
|
$19.51
ISK2,699
|
|
Fast food combo meal
McDonalds, or similar
|
$17.27
ISK2,388
|
$16.45
ISK2,275
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.90
ISK401
|
$2.70
ISK374
|
|
Bottle of water (11 fl. oz) |
$2.07
ISK287
|
$1.95
ISK270
|
|
pay 13.0% less for groceries
Reykjavik
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$3.68
ISK510
|
$3.16
ISK436
|
|
Local cheese (8 oz) |
$7.66
ISK1,059
|
$6.72
ISK929
|
|
Milk (1 gallon) |
$6.16
ISK852
|
$6.27
ISK867
|
|
Eggs
1 dozen
|
$5.91
ISK818
|
$6.03
ISK834
|
|
Boneless chicken breast (1 lb) |
$8.87
ISK1,227
|
$7.60
ISK1,051
|
|
Apples (1 lb) |
$1.53
ISK211
|
$1.13
ISK156
|
|
Bananas (1 lb) |
$0.97
ISK134
|
$1.01
ISK140
|
|
Oranges (1 lb) |
$1.26
ISK174
|
$1.15
ISK160
|
|
Tomatoes (1 lb) |
$2.23
ISK308
|
$1.71
ISK237
|
|
Potatoes (1 lb) |
$1.42
ISK196
|
$1.13
ISK156
|
|
Onions (1 lb) |
$1.01
ISK140
|
$0.68
ISK94
|
|
pay 1.2% less for transportation
Reykjavik
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.57
ISK1,186
|
$8.42
ISK1,164
|
|
Monthly public transit pass |
$66.92
ISK9,254
|
$68.29
ISK9,444
|
|
New Volkswagen Golf 1.4 (standard edition) |
$41,660.67
ISK5,761,254
|
$39,714.69
ISK5,492,145
|
|
Taxi trip in downtown area (5 miles) |
$23.30
ISK3,222
|
$23.23
ISK3,212
|
|
pay 6.5% less for housing
Reykjavik
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$68.45
ISK9,466
|
$74.47
ISK10,299
|
|
1-Bedroom apartment in downtown area |
$1,864.13
ISK257,791
|
$1,518.94
ISK210,054
|
|
1-Bedroom apartment outside city center |
$1,666.20
ISK230,418
|
$1,325.48
ISK183,300
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$64.43
ISK8,911
|
$66.99
ISK9,264
|
|
pay 3.1% more for childcare
Reykjavik
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$240.37
ISK33,240
|
$254.97
ISK35,259
|
|
Middle school for 1 child, two semesters |
$5,984.07
ISK827,538
|
$5,993.83
ISK828,886
|
|
pay 7.9% less for entertainment and sports
Reykjavik
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$10.79
ISK1,493
|
$9.37
ISK1,296
|
|
Cappuccino in mid-range area |
$5.09
ISK704
|
$4.61
ISK638
|
|
Pack of cigarettes
Marlboro or similar
|
$11.87
ISK1,642
|
$11.22
ISK1,551
|
|
Monthly membership at local gym |
$65.50
ISK9,058
|
$60.00
ISK8,298
|
|
Movie ticket to theater/cinema |
$14.39
ISK1,990
|
$13.94
ISK1,928
|
|
pay 10.5% more for clothing
Reykjavik
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$103.94
ISK14,374
|
$108.23
ISK14,967
|
|
Regular dress
from H&M or similar store
|
$43.50
ISK6,015
|
$59.73
ISK8,260
|
|
Running shoes
Nike or Adidas
|
$141.47
ISK19,564
|
$146.94
ISK20,320
|
|
Men's business shoes (leather) |
$174.65
ISK24,153
|
$169.24
ISK23,404
|
|
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